How The New Housing Database That Could Invade Your Privacy

How The New Housing Database That Could Invade Your Privacy

Listen to MB and Steve Yoder of The Fiscal Times talk about the new housing database that could invade your personal mortgage information Download This File

Steve Yoder writes in his recent piece in the The Fiscal Tiimes that, "A new national morgage datebase being launched next year by the Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) will house detailed information about the countryÆs mortgages -- at a minimum, this will include each borrowerÆs financial and credit profile, the terms of the loan, information about the property, and the loanÆs payment history.

The two agencies say that theyÆll be ôexploring ways to share database information with other federal agencies, academics, and the public,ö but assert that database would not contain personally identifiable information and that ôappropriate precautionsö would be taken by the agencies to ensure that individual consumers couldnÆt be singled out.